{"component": "clause", "props": {"groups": [{"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof and shall state the date payment shall be made by the L/C Issuer under a Letter of Credit (each such date, an \u201cHonor Date\u201d). Not later than 11:00 a.m. on the Honor Date, the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Revolving Credit Lender\u2019s Applicable Revolving Credit Percentage thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Revolving Credit Percentage of such amount shall be solely for the account of the L/C Issuer.\n(v) Each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Administrative Agent, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the amount of the unutilized portion of the Revolving Credit Facility and the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.", "size": 788, "samples": [{"hash": "cyCxPW2EFX4", "uri": "/contracts/cyCxPW2EFX4#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Acadia Healthcare Company, Inc.)", "score": 32.2197113037, "published": true}, {"hash": "5JDRsGhuap7", "uri": "/contracts/5JDRsGhuap7#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Integra Lifesciences Holdings Corp)", "score": 31.0889797211, "published": true}, {"hash": "66caaFDnbAM", "uri": "/contracts/66caaFDnbAM#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Integra Lifesciences Holdings Corp)", "score": 28.2553043365, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-l", "type": "clause", "offset": [118, 123]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [146, 166]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [267, 285]}, {"key": "honor-date", "type": "clause", "offset": [307, 317]}, {"key": "the-borrower-shall", "type": "clause", "offset": [366, 384]}, {"key": "equal-to", "type": "definition", "offset": [456, 464]}, {"key": "agent-shall", "type": "definition", "offset": [579, 590]}, {"key": "promptly-notify", "type": "definition", "offset": [591, 606]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [612, 635]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [673, 693]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [700, 719]}, {"key": "applicable-revolving-credit-percentage", "type": "definition", "offset": [772, 810]}, {"key": "revolving-credit-borrowing", "type": "definition", "offset": [884, 910]}, {"key": "loans-to", "type": "clause", "offset": [924, 932]}, {"key": "the-principal-amount", "type": "definition", "offset": [1085, 1105]}, {"key": "unutilized-portion", "type": "definition", "offset": [1159, 1177]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [1181, 1213]}, {"key": "the-conditions", "type": "clause", "offset": [1218, 1232]}, {"key": "loan-notice", "type": "definition", "offset": [1289, 1300]}, {"key": "notice-given", "type": "clause", "offset": [1307, 1319]}, {"key": "by-telephone", "type": "definition", "offset": [1415, 1427]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [1443, 1463]}, {"key": "provided-that", "type": "clause", "offset": [1465, 1478]}, {"key": "lack-of", "type": "clause", "offset": [1483, 1490]}, {"key": "effect-of", "type": "clause", "offset": [1569, 1578]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1648, 1667]}, {"key": "funds-available", "type": "definition", "offset": [1684, 1699]}, {"key": "cash-collateral", "type": "definition", "offset": [1740, 1755]}, {"key": "the-account", "type": "clause", "offset": [1787, 1798]}, {"key": "business-day", "type": "definition", "offset": [1978, 1990]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [2009, 2043]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [2067, 2092]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2207, 2227]}, {"key": "the-funds", "type": "clause", "offset": [2281, 2290]}, {"key": "with-respect-to", "type": "clause", "offset": [2328, 2343]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2520, 2540]}, {"key": "payable-on-demand", "type": "definition", "offset": [2730, 2747]}, {"key": "with-interest", "type": "definition", "offset": [2758, 2771]}, {"key": "default-rate", "type": "definition", "offset": [2804, 2816]}, {"key": "payment-to-the", "type": "clause", "offset": [2864, 2878]}, {"key": "deemed-payment", "type": "clause", "offset": [2975, 2989]}, {"key": "in-respect-of", "type": "definition", "offset": [2990, 3003]}, {"key": "satisfaction-of", "type": "clause", "offset": [3100, 3115]}, {"key": "lender-funds", "type": "definition", "offset": [3203, 3215]}, {"key": "to-reimburse", "type": "definition", "offset": [3290, 3302]}, {"key": "obligation-to", "type": "clause", "offset": [3544, 3557]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [3558, 3585]}, {"key": "letters-of-credit", "type": "definition", "offset": [3654, 3671]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3723, 3749]}, {"key": "affected-by", "type": "definition", "offset": [3767, 3778]}, {"key": "lender-may", "type": "definition", "offset": [3883, 3893]}, {"key": "any-other-person", "type": "definition", "offset": [3965, 3981]}, {"key": "for-any-reason", "type": "clause", "offset": [3982, 3996]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [4031, 4055]}, {"key": "similar-to", "type": "definition", "offset": [4121, 4131]}, {"key": "the-revolving-credit-facility", "type": "clause", "offset": [4338, 4367]}, {"key": "by-the-borrower", "type": "clause", "offset": [4434, 4449]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4540, 4566]}, {"key": "available-to", "type": "definition", "offset": [4769, 4781]}, {"key": "amount-required", "type": "clause", "offset": [4845, 4860]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4913, 4939]}, {"key": "without-limiting-the", "type": "clause", "offset": [5000, 5020]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [5021, 5055]}, {"key": "period-from", "type": "definition", "offset": [5214, 5225]}, {"key": "immediately-available", "type": "definition", "offset": [5297, 5318]}, {"key": "per-annum", "type": "clause", "offset": [5347, 5356]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [5381, 5403]}, {"key": "in-accordance-with", "type": "definition", "offset": [5444, 5462]}, {"key": "industry-rules", "type": "definition", "offset": [5471, 5485]}, {"key": "in-connection-with", "type": "clause", "offset": [5603, 5621]}, {"key": "interest-and-fees", "type": "clause", "offset": [5675, 5692]}, {"key": "the-relevant", "type": "clause", "offset": [5792, 5804]}, {"key": "the-case", "type": "definition", "offset": [5892, 5900]}, {"key": "certificate-of", "type": "definition", "offset": [5911, 5925]}, {"key": "amounts-owing", "type": "definition", "offset": [6037, 6050]}, {"key": "manifest-error", "type": "definition", "offset": [6109, 6123]}], "hash": "01afc279601885e10d990923272ccdce", "id": 1}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an \u201cHonor Date\u201d), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Revolving Lender\u2019s Applicable Revolving Percentage thereof. In such event, the Borrower shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Revolving Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Revolving Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section.\n(iv) Until each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Revolving Percentage of such amount shall be solely for the account of the L/C Issuer.\n(v) Each Revolving Lender\u2019s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower, any Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender\u2019s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Revolving Loan included in the relevant Revolving Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.", "size": 399, "samples": [{"hash": "cijR69sfoMp", "uri": "/contracts/cijR69sfoMp#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Armstrong Flooring, Inc.)", "score": 33.0054740906, "published": true}, {"hash": "5Qv2sGBfhoh", "uri": "/contracts/5Qv2sGBfhoh#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Armstrong Flooring, Inc.)", "score": 31.4777545929, "published": true}, {"hash": "8lz3Xi5Xmbf", "uri": "/contracts/8lz3Xi5Xmbf#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Charah Solutions, Inc.)", "score": 31.1765918732, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-l", "type": "clause", "offset": [118, 123]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [146, 166]}, {"key": "date-of", "type": "clause", "offset": [230, 237]}, {"key": "payment-by-the", "type": "clause", "offset": [242, 256]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [274, 292]}, {"key": "honor-date", "type": "clause", "offset": [314, 324]}, {"key": "the-borrower-shall", "type": "clause", "offset": [328, 346]}, {"key": "equal-to", "type": "definition", "offset": [418, 426]}, {"key": "agent-shall", "type": "definition", "offset": [541, 552]}, {"key": "promptly-notify", "type": "definition", "offset": [553, 568]}, {"key": "revolving-lender", "type": "definition", "offset": [574, 590]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [628, 648]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [655, 674]}, {"key": "applicable-revolving-percentage", "type": "definition", "offset": [720, 751]}, {"key": "revolving-borrowing", "type": "clause", "offset": [825, 844]}, {"key": "loans-to", "type": "clause", "offset": [858, 866]}, {"key": "the-principal-amount", "type": "definition", "offset": [1019, 1039]}, {"key": "unutilized-portion", "type": "definition", "offset": [1093, 1111]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [1115, 1140]}, {"key": "the-conditions", "type": "clause", "offset": [1145, 1159]}, {"key": "loan-notice", "type": "definition", "offset": [1216, 1227]}, {"key": "notice-given", "type": "clause", "offset": [1234, 1246]}, {"key": "by-telephone", "type": "definition", "offset": [1342, 1354]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [1370, 1390]}, {"key": "provided-that", "type": "clause", "offset": [1392, 1405]}, {"key": "lack-of", "type": "clause", "offset": [1410, 1417]}, {"key": "effect-of", "type": "clause", "offset": [1496, 1505]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1568, 1587]}, {"key": "funds-available", "type": "definition", "offset": [1604, 1619]}, {"key": "cash-collateral", "type": "definition", "offset": [1660, 1675]}, {"key": "the-account", "type": "clause", "offset": [1707, 1718]}, {"key": "business-day", "type": "definition", "offset": [1891, 1903]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [1922, 1956]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1980, 2005]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2113, 2133]}, {"key": "the-funds", "type": "clause", "offset": [2187, 2196]}, {"key": "with-respect-to", "type": "clause", "offset": [2234, 2249]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2419, 2439]}, {"key": "payable-on-demand", "type": "definition", "offset": [2629, 2646]}, {"key": "with-interest", "type": "definition", "offset": [2657, 2670]}, {"key": "default-rate", "type": "definition", "offset": [2703, 2715]}, {"key": "payment-to-the", "type": "clause", "offset": [2756, 2770]}, {"key": "deemed-payment", "type": "clause", "offset": [2867, 2881]}, {"key": "in-respect-of", "type": "definition", "offset": [2882, 2895]}, {"key": "satisfaction-of", "type": "clause", "offset": [2992, 3007]}, {"key": "lender-funds", "type": "definition", "offset": [3083, 3095]}, {"key": "to-reimburse", "type": "definition", "offset": [3163, 3175]}, {"key": "obligation-to", "type": "clause", "offset": [3403, 3416]}, {"key": "revolving-loans", "type": "definition", "offset": [3422, 3437]}, {"key": "letters-of-credit", "type": "definition", "offset": [3506, 3523]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3575, 3601]}, {"key": "affected-by", "type": "definition", "offset": [3619, 3630]}, {"key": "lender-may", "type": "definition", "offset": [3735, 3745]}, {"key": "any-other-person", "type": "definition", "offset": [3807, 3823]}, {"key": "for-any-reason", "type": "clause", "offset": [3824, 3838]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [3873, 3897]}, {"key": "similar-to", "type": "definition", "offset": [3963, 3973]}, {"key": "by-the-borrower", "type": "clause", "offset": [4188, 4203]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4294, 4320]}, {"key": "available-to", "type": "definition", "offset": [4516, 4528]}, {"key": "amount-required", "type": "clause", "offset": [4592, 4607]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4660, 4686]}, {"key": "without-limiting-the", "type": "clause", "offset": [4747, 4767]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [4768, 4802]}, {"key": "period-from", "type": "definition", "offset": [4961, 4972]}, {"key": "immediately-available", "type": "definition", "offset": [5044, 5065]}, {"key": "per-annum", "type": "clause", "offset": [5094, 5103]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [5128, 5150]}, {"key": "in-accordance-with", "type": "definition", "offset": [5191, 5209]}, {"key": "industry-rules", "type": "definition", "offset": [5218, 5232]}, {"key": "in-connection-with", "type": "clause", "offset": [5350, 5368]}, {"key": "interest-and-fees", "type": "clause", "offset": [5422, 5439]}, {"key": "the-relevant", "type": "clause", "offset": [5532, 5544]}, {"key": "the-case", "type": "definition", "offset": [5625, 5633]}, {"key": "certificate-of", "type": "definition", "offset": [5644, 5658]}, {"key": "amounts-owing", "type": "definition", "offset": [5763, 5776]}, {"key": "manifest-error", "type": "definition", "offset": [5835, 5849]}], "hash": "2be8b3be649b114e9e2d1c484db0db36", "id": 2}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the relevant L/C Issuer shall notify promptly the Borrower and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Approved Foreign Currency, the Borrower shall reimburse the L/C Issuer in such Approved Currency, unless the L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Approved Foreign Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 1:00 p.m. (New York City time), in the case of a drawing in Dollars, or 2:00 p.m. (London time) (or, if earlier, 9:00 a.m. New York city time), in the case of a drawing in an Approved Foreign Currency, on (1) the next Business Day immediately following any payment by an L/C Issuer under a Letter of Credit that the Borrower receives notice thereof (each such date, an \u201cHonor Date\u201d), the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing in the relevant Approved Currency; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed with a Revolving Credit Borrowing under the Revolving Credit Facility or a Swing Line Borrowing under the Swing Line Facility in an equivalent amount and, to the extent so financed, the Borrower\u2019s obligation to make such payment shall be discharged and replaced by the resulting Revolving Credit Borrowing or Swing Line Borrowing, as applicable. In the event that (x) a drawing denominated in an Approved Foreign Currency is to be reimbursed in Dollars pursuant to the first sentence of this Section 2.03(c)(i) and (y) the Dollar amount paid by the Borrower, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the applicable Approved Foreign Currency equal to the drawing, the Borrower agrees, as a separate and independent obligation, to indemnify the L/C Issuer for the loss resulting from its inability on that date to purchase the Approved Currency in the full amount of the drawing. If the Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Appropriate Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof) (the \u201cUnreimbursed Amount\u201d), and the amount of such Appropriate Lender\u2019s Pro Rata Share or other applicable share provided for under this Agreement thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans or Eurocurrency Rate Loans, as applicable, but subject to the amount of the unutilized portion of the Revolving Credit Commitments of the Appropriate Lenders and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Appropriate Lender (including any Lender acting as an L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the relevant L/C Issuer in Dollars at the Administrative Agent\u2019s Office for Dollar-denominated payments in an amount equal to its Pro Rata Share or other applicable share provided for under this Agreement of the Unreimbursed Amount not later than 2:00 p.m. (New York City time) on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Appropriate Lender that so makes funds available shall be deemed to have made a Revolving Credit Loan that is a Base Rate Loan or Eurocurrency Rate Loan, as applicable, to the Borrower in such amount. The Administrative Agent shall promptly remit the funds so received to the relevant L/C Issuer in Dollars.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans or Eurocurrency Rate Loans, as applicable, because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the relevant L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest (which begins to accrue upon funding by the L/C Issuer) at the Default Rate for Revolving Credit Loans. In such event, each Appropriate Lender\u2019s payment to the Administrative Agent for the account of the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Appropriate Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Pro Rata Share or other applicable share provided for under this Agreement of such amount shall be solely for the account of the relevant L/C Issuer.\n(v) Each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans or L/C Advances to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the relevant L/C Issuer, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the relevant L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the relevant L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the Federal Funds Rate from time to time in effect, plus any reasonable administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. A certificate of the relevant L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.", "size": 374, "samples": [{"hash": "5i6EVYgfxUy", "uri": "/contracts/5i6EVYgfxUy#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 29.2956886292, "published": true}, {"hash": "9U7dUbujAAd", "uri": "/contracts/9U7dUbujAAd#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 28.2197132111, "published": true}, {"hash": "ig3erNwknkG", "uri": "/contracts/ig3erNwknkG#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 27.6283359528, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-relevant", "type": "clause", "offset": [118, 130]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [164, 184]}, {"key": "in-the-case", "type": "clause", "offset": [215, 226]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [230, 248]}, {"key": "approved-foreign-currency", "type": "definition", "offset": [267, 292]}, {"key": "the-borrower-shall", "type": "clause", "offset": [294, 312]}, {"key": "the-l", "type": "clause", "offset": [323, 328]}, {"key": "approved-currency", "type": "definition", "offset": [346, 363]}, {"key": "the-company", "type": "clause", "offset": [646, 657]}, {"key": "dollar-equivalent-of-the", "type": "definition", "offset": [665, 689]}, {"key": "the-determination", "type": "clause", "offset": [731, 748]}, {"key": "new-york-city-time", "type": "clause", "offset": [784, 802]}, {"key": "london-time", "type": "definition", "offset": [856, 867]}, {"key": "next-business-day", "type": "definition", "offset": [986, 1003]}, {"key": "payment-by", "type": "clause", "offset": [1030, 1040]}, {"key": "notice-thereof", "type": "clause", "offset": [1107, 1121]}, {"key": "honor-date", "type": "clause", "offset": [1143, 1153]}, {"key": "equal-to", "type": "definition", "offset": [1248, 1256]}, {"key": "provided-that", "type": "clause", "offset": [1319, 1332]}, {"key": "conditions-to-borrowing", "type": "clause", "offset": [1366, 1389]}, {"key": "in-accordance-with", "type": "definition", "offset": [1416, 1434]}, {"key": "revolving-credit-borrowing", "type": "definition", "offset": [1485, 1511]}, {"key": "the-revolving-credit-facility", "type": "clause", "offset": [1518, 1547]}, {"key": "swing-line-borrowing", "type": "definition", "offset": [1553, 1573]}, {"key": "the-swing-line-facility", "type": "clause", "offset": [1580, 1603]}, {"key": "equivalent-amount", "type": "clause", "offset": [1610, 1627]}, {"key": "to-the-extent", "type": "clause", "offset": [1633, 1646]}, {"key": "obligation-to", "type": "clause", "offset": [1675, 1688]}, {"key": "in-the-event", "type": "clause", "offset": [1824, 1836]}, {"key": "amount-paid", "type": "definition", "offset": [2008, 2019]}, {"key": "by-the-borrower", "type": "clause", "offset": [2020, 2035]}, {"key": "date-of", "type": "clause", "offset": [2102, 2109]}, {"key": "banking-procedures", "type": "clause", "offset": [2161, 2179]}, {"key": "the-applicable", "type": "clause", "offset": [2201, 2215]}, {"key": "the-borrower-agrees", "type": "clause", "offset": [2264, 2283]}, {"key": "separate-and-independent-obligation", "type": "clause", "offset": [2290, 2325]}, {"key": "to-indemnify", "type": "clause", "offset": [2327, 2339]}, {"key": "resulting-from", "type": "definition", "offset": [2368, 2382]}, {"key": "agent-shall", "type": "definition", "offset": [2566, 2577]}, {"key": "promptly-notify", "type": "definition", "offset": [2578, 2593]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [2655, 2675]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [2752, 2771]}, {"key": "pro-rata-share", "type": "definition", "offset": [2819, 2833]}, {"key": "applicable-share", "type": "definition", "offset": [2843, 2859]}, {"key": "this-agreement", "type": "clause", "offset": [2879, 2893]}, {"key": "loans-to", "type": "clause", "offset": [3007, 3015]}, {"key": "the-principal-amount", "type": "definition", "offset": [3168, 3188]}, {"key": "eurocurrency-rate-loans", "type": "clause", "offset": [3211, 3234]}, {"key": "unutilized-portion", "type": "definition", "offset": [3284, 3302]}, {"key": "commitments-of-the", "type": "clause", "offset": [3327, 3345]}, {"key": "appropriate-lenders", "type": "definition", "offset": [3346, 3365]}, {"key": "delivery-of-a", "type": "clause", "offset": [3427, 3440]}, {"key": "committed-loan-notice", "type": "clause", "offset": [3441, 3462]}, {"key": "notice-given", "type": "clause", "offset": [3469, 3481]}, {"key": "by-telephone", "type": "definition", "offset": [3576, 3588]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [3604, 3624]}, {"key": "lack-of", "type": "clause", "offset": [3644, 3651]}, {"key": "effect-of", "type": "clause", "offset": [3730, 3739]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3851, 3870]}, {"key": "available-to", "type": "definition", "offset": [3893, 3905]}, {"key": "the-account", "type": "clause", "offset": [3935, 3946]}, {"key": "payments-in", "type": "clause", "offset": [4045, 4056]}, {"key": "the-business", "type": "clause", "offset": [4231, 4243]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [4266, 4300]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [4324, 4349]}, {"key": "to-the-borrower", "type": "definition", "offset": [4538, 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"offset": [6101, 6128]}, {"key": "letters-of-credit", "type": "definition", "offset": [6196, 6213]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [6265, 6291]}, {"key": "affected-by", "type": "definition", "offset": [6309, 6320]}, {"key": "lender-may", "type": "definition", "offset": [6425, 6435]}, {"key": "any-other-person", "type": "definition", "offset": [6490, 6506]}, {"key": "for-any-reason", "type": "clause", "offset": [6507, 6521]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [6556, 6580]}, {"key": "similar-to", "type": "definition", "offset": [6646, 6656]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [6991, 7017]}, {"key": "make-available", "type": "definition", "offset": [7225, 7239]}, {"key": "amount-required", "type": "clause", "offset": [7315, 7330]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [7383, 7409]}, {"key": "period-from", "type": "definition", "offset": [7622, 7633]}, {"key": "immediately-available", "type": "definition", "offset": [7705, 7726]}, {"key": "per-annum", "type": "clause", "offset": [7756, 7765]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [7775, 7797]}, {"key": "from-time-to-time", "type": "clause", "offset": [7798, 7815]}, {"key": "in-effect", "type": "clause", "offset": [7816, 7825]}, {"key": "in-connection-with", "type": "clause", "offset": [7929, 7947]}, {"key": "certificate-of", "type": "definition", "offset": [7965, 7979]}, {"key": "amounts-owing", "type": "definition", "offset": [8100, 8113]}, {"key": "manifest-error", "type": "definition", "offset": [8172, 8186]}], "hash": "7c66566a9ee105802fdf1bae1c57f7d8", "id": 3}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an \u201cHonor Date\u201d), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Lender\u2019s Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested a Borrowing of Revolving Loans that are Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Revolving Loan that is a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Revolving Loans that are Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer.\n(v) Each Lender\u2019s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender\u2019s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Revolving Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.", "size": 332, "samples": [{"hash": "bh0KvSO2YNh", "uri": "/contracts/bh0KvSO2YNh#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Natural Grocers by Vitamin Cottage, Inc.)", "score": 31.8966464996, "published": true}, {"hash": "5gF3waLHaF8", "uri": "/contracts/5gF3waLHaF8#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (I3 Verticals, Inc.)", "score": 29.3942508698, "published": true}, {"hash": "zFaEx1wV2k", "uri": "/contracts/zFaEx1wV2k#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (I3 Verticals, Inc.)", "score": 29.2217655182, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 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"type": "clause", "offset": [1475, 1484]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1537, 1556]}, {"key": "funds-available", "type": "definition", "offset": [1573, 1588]}, {"key": "cash-collateral", "type": "definition", "offset": [1629, 1644]}, {"key": "the-account", "type": "clause", "offset": [1676, 1687]}, {"key": "business-day", "type": "definition", "offset": [1850, 1862]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [1881, 1915]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1939, 1964]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2087, 2107]}, {"key": "the-funds", "type": "clause", "offset": [2161, 2170]}, {"key": "with-respect-to", "type": "clause", "offset": [2208, 2223]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2408, 2428]}, {"key": "payable-on-demand", "type": "definition", "offset": [2618, 2635]}, {"key": "with-interest", "type": "definition", "offset": [2646, 2659]}, {"key": "default-rate", "type": "definition", "offset": [2692, 2704]}, {"key": "payment-to-the", "type": "clause", "offset": [2735, 2749]}, {"key": "deemed-payment", "type": "clause", "offset": [2846, 2860]}, {"key": "in-respect-of", "type": "definition", "offset": [2861, 2874]}, {"key": "satisfaction-of", "type": "clause", "offset": [2971, 2986]}, {"key": "lender-funds", "type": "definition", "offset": [3057, 3069]}, {"key": "to-reimburse", "type": "definition", "offset": [3137, 3149]}, {"key": "obligation-to", "type": "clause", "offset": [3357, 3370]}, {"key": "letters-of-credit", "type": "definition", "offset": [3460, 3477]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3529, 3555]}, {"key": "affected-by", "type": "definition", "offset": [3573, 3584]}, {"key": "lender-may", "type": "definition", "offset": [3689, 3699]}, {"key": "any-other-person", "type": "definition", "offset": [3745, 3761]}, {"key": "for-any-reason", "type": "clause", "offset": [3762, 3776]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [3811, 3835]}, {"key": "similar-to", "type": "definition", "offset": [3901, 3911]}, {"key": "by-the-borrower", "type": "clause", "offset": [4116, 4131]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4222, 4248]}, {"key": "available-to", "type": "definition", "offset": [4434, 4446]}, {"key": "amount-required", "type": "clause", "offset": [4510, 4525]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4578, 4604]}, {"key": "without-limiting-the", "type": "clause", "offset": [4665, 4685]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [4686, 4720]}, {"key": "period-from", "type": "definition", "offset": [4879, 4890]}, {"key": "immediately-available", "type": "definition", "offset": [4962, 4983]}, {"key": "per-annum", "type": "clause", "offset": [5012, 5021]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [5046, 5068]}, {"key": "in-accordance-with", "type": "definition", "offset": [5109, 5127]}, {"key": "industry-rules", "type": "definition", "offset": [5136, 5150]}, {"key": "in-connection-with", "type": "clause", "offset": [5268, 5286]}, {"key": "interest-and-fees", "type": "clause", "offset": [5340, 5357]}, {"key": "the-relevant", "type": "clause", "offset": [5450, 5462]}, {"key": "the-case", "type": "definition", "offset": [5533, 5541]}, {"key": "certificate-of", "type": "definition", "offset": [5552, 5566]}, {"key": "amounts-owing", "type": "definition", "offset": [5661, 5674]}, {"key": "this-clause", "type": "clause", "offset": [5681, 5692]}, {"key": "manifest-error", "type": "definition", "offset": [5725, 5739]}], "hash": "071c849024fdf4e92dcc28b1728e023e", "id": 4}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an \u201cHonor Date\u201d), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender holding a Revolving Commitment of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Lender\u2019s Applicable Percentage thereof (which shall be based on such Lender\u2019s Applicable Percentage of the Revolving Commitments). In such event, the Borrower shall be deemed to have requested a Borrowing of Base Rate Revolving Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 5.02 (other than the delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Lender holding a Revolving Commitment shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Percentage (with respect to the Revolving Commitments) of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Revolving Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Revolving Loans because the conditions set forth in Section 5.02 (other than delivery of a Committed Loan Notice) cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each applicable Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer.\n(v) Each applicable Lender\u2019s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender\u2019s obligation to make Revolving Loans (but not to reimburse the L/C Issuer for any L/C Advance in the event the Borrower fails to do so) pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 5.02 (other than delivery by the Borrower of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any applicable Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and rate determined by L/C Issuer in accordance with banking industry rules on interbank compensation from time to time in effect. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.", "size": 251, "samples": [{"hash": "3Sro0BG6sEH", "uri": "/contracts/3Sro0BG6sEH#drawings-and-reimbursements-funding-of-participations", "label": "Amendment No. 1 and Joinder Agreement (Ryman Hospitality Properties, Inc.)", "score": 25.4626960754, "published": true}, {"hash": "fFLa8EAsIKy", "uri": "/contracts/fFLa8EAsIKy#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Ryman Hospitality Properties, Inc.)", "score": 24.3538665771, "published": true}, {"hash": "5DwRcR2GyRq", "uri": "/contracts/5DwRcR2GyRq#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Ryman Hospitality Properties, Inc.)", "score": 23.7488021851, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-l", "type": "clause", "offset": [118, 123]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [146, 166]}, {"key": "date-of", "type": "clause", "offset": [230, 237]}, {"key": "payment-by-the", "type": "clause", "offset": [242, 256]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [274, 292]}, {"key": "honor-date", "type": "clause", "offset": [314, 324]}, {"key": "the-borrower-shall", "type": "clause", "offset": [328, 346]}, {"key": "equal-to", "type": "definition", "offset": [418, 426]}, {"key": "agent-shall", "type": "definition", "offset": [541, 552]}, {"key": "promptly-notify", "type": "definition", "offset": [553, 568]}, {"key": "each-lender", "type": "clause", "offset": [569, 580]}, {"key": "commitment-of-the", "type": "clause", "offset": [601, 618]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [649, 669]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [676, 695]}, {"key": "applicable-percentage", "type": "clause", "offset": [731, 752]}, {"key": "based-on", "type": "definition", "offset": [777, 785]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [825, 850]}, {"key": "a-borrowing", "type": "definition", "offset": [915, 926]}, {"key": "loans-to", "type": "clause", "offset": [950, 958]}, {"key": "the-principal-amount", "type": "definition", "offset": [1111, 1131]}, {"key": "base-rate-loans", "type": "clause", "offset": [1135, 1150]}, {"key": "unutilized-portion", "type": "definition", "offset": [1185, 1203]}, {"key": "aggregate-revolving-commitments", "type": "clause", "offset": [1211, 1242]}, {"key": "the-conditions", "type": "clause", "offset": [1247, 1261]}, {"key": "delivery-of-a", "type": "clause", "offset": [1304, 1317]}, {"key": "committed-loan-notice", "type": "clause", "offset": [1318, 1339]}, {"key": "notice-given", "type": "clause", "offset": [1346, 1358]}, {"key": "by-telephone", "type": "definition", "offset": [1454, 1466]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [1482, 1502]}, {"key": "provided-that", "type": "clause", "offset": [1504, 1517]}, {"key": "lack-of", "type": "clause", "offset": [1522, 1529]}, {"key": "effect-of", "type": "clause", "offset": [1608, 1617]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1701, 1720]}, {"key": "funds-available", "type": "definition", "offset": [1737, 1752]}, {"key": "cash-collateral", "type": "definition", "offset": [1793, 1808]}, {"key": "the-account", "type": "clause", "offset": [1868, 1879]}, {"key": "with-respect-to", "type": "clause", "offset": [1984, 1999]}, {"key": "business-day", "type": "definition", "offset": [2086, 2098]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [2117, 2151]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [2175, 2200]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2308, 2328]}, {"key": "the-funds", "type": "clause", "offset": [2382, 2391]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2663, 2683]}, {"key": "payable-on-demand", "type": "definition", "offset": [2873, 2890]}, {"key": "with-interest", "type": "definition", "offset": [2901, 2914]}, {"key": "default-rate", "type": "definition", "offset": [2947, 2959]}, {"key": "payment-to-the", "type": "clause", "offset": [2990, 3004]}, {"key": "deemed-payment", "type": "clause", "offset": [3101, 3115]}, {"key": "in-respect-of", "type": "definition", "offset": [3116, 3129]}, {"key": "satisfaction-of", "type": "clause", "offset": [3226, 3241]}, {"key": "lender-funds", "type": "definition", "offset": [3323, 3335]}, {"key": "to-reimburse", "type": "definition", "offset": [3403, 3415]}, {"key": "obligation-to", "type": "clause", "offset": [3634, 3647]}, {"key": "letters-of-credit", "type": "definition", "offset": [3737, 3754]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3806, 3832]}, {"key": "affected-by", "type": "definition", "offset": [3850, 3861]}, {"key": "lender-may", "type": "definition", "offset": [3966, 3976]}, {"key": "any-other-person", "type": "definition", "offset": [4022, 4038]}, {"key": "for-any-reason", "type": "clause", "offset": [4039, 4053]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [4088, 4112]}, {"key": "similar-to", "type": "definition", "offset": [4178, 4188]}, {"key": "in-the-event-the", "type": "clause", "offset": [4341, 4357]}, {"key": "by-the-borrower", "type": "clause", "offset": [4492, 4507]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4608, 4634]}, {"key": "available-to", "type": "definition", "offset": [4831, 4843]}, {"key": "amount-required", "type": "clause", "offset": [4907, 4922]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4975, 5001]}, {"key": "period-from", "type": "definition", "offset": [5213, 5224]}, {"key": "immediately-available", "type": "definition", "offset": [5296, 5317]}, {"key": "per-annum", "type": "clause", "offset": [5346, 5355]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [5380, 5402]}, {"key": "in-accordance-with", "type": "definition", "offset": [5437, 5455]}, {"key": "industry-rules", "type": "definition", "offset": [5464, 5478]}, {"key": "from-time-to-time", "type": "clause", "offset": [5505, 5522]}, {"key": "in-effect", "type": "clause", "offset": [5523, 5532]}, {"key": "certificate-of", "type": "definition", "offset": [5536, 5550]}, {"key": "amounts-owing", "type": "definition", "offset": [5645, 5658]}, {"key": "this-clause", "type": "clause", "offset": [5665, 5676]}, {"key": "manifest-error", "type": "definition", "offset": [5709, 5723]}], "hash": "17d100b87648f797d3375f855e97df99", "id": 5}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify Borrower and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency, Borrower shall reimburse the L/C Issuer in such Alternative Currency, unless (A) the L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, Borrower shall have notified the L/C Issuer promptly following receipt of the notice of drawing that Borrower will reimburse the L/C Issuer in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the L/C Issuer shall notify Borrower of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 2 p.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an \u201cHonor Date\u201d), Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing and in the applicable currency. If Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the \u201cUnreimbursed Amount\u201d), and the amount of such Revolving Lender\u2019s Applicable Percentage thereof. In such event, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the conditions set forth in Section 5.02 (other than the delivery of a Loan Notice) and provided that, after giving effect to such Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments. Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Revolving Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer, in Dollars, at the Administrative Agent\u2019s Office for Dollar-denominated payments in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions set forth in Section 5.02 cannot be satisfied or for any other reason, Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Percentage of such amount shall be solely for the account of the L/C Issuer.\n(v) Each Revolving Lender\u2019s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender\u2019s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 5.02 (other than delivery by Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Revolving Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.", "size": 248, "samples": [{"hash": "82huuvMW7hg", "uri": "/contracts/82huuvMW7hg#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (TUTOR PERINI Corp)", "score": 22.5906906128, "published": true}, {"hash": "eOjnMXTav5y", "uri": "/contracts/eOjnMXTav5y#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (TUTOR PERINI Corp)", "score": 22.3415470123, "published": true}, {"hash": "gHUuBaqRQpz", "uri": "/contracts/gHUuBaqRQpz#drawings-and-reimbursements-funding-of-participations", "label": "Second Amendment (TUTOR PERINI Corp)", "score": 21.0547561646, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-l", "type": "clause", "offset": [118, 123]}, {"key": "in-the-case", "type": "clause", "offset": [193, 204]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [208, 226]}, {"key": "alternative-currency", "type": "definition", "offset": [245, 265]}, {"key": "borrower-shall", "type": "clause", "offset": [267, 281]}, {"key": "promptly-following", "type": "clause", "offset": [582, 600]}, {"key": "receipt-of", "type": "clause", "offset": [601, 611]}, {"key": "notice-of-drawing", "type": "clause", "offset": [616, 633]}, {"key": "borrower-will", "type": "clause", "offset": [639, 652]}, {"key": "dollar-equivalent-of-the", "type": "definition", "offset": [861, 885]}, {"key": "the-determination", "type": "clause", "offset": [927, 944]}, {"key": "date-of", "type": "clause", "offset": [983, 990]}, {"key": "payment-by-the", "type": "clause", "offset": [995, 1009]}, {"key": "applicable-time", "type": "definition", "offset": [1082, 1097]}, {"key": "honor-date", "type": "clause", "offset": [1233, 1243]}, {"key": "equal-to", "type": "definition", "offset": [1333, 1341]}, {"key": "applicable-currency", "type": "definition", "offset": [1380, 1399]}, {"key": "if-borrower", "type": "clause", "offset": [1401, 1412]}, {"key": "agent-shall", "type": "definition", "offset": [1483, 1494]}, {"key": "promptly-notify", "type": "definition", "offset": [1495, 1510]}, {"key": "revolving-lender", "type": "definition", "offset": [1516, 1532]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [1570, 1590]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [1740, 1759]}, {"key": "applicable-percentage", "type": "clause", "offset": [1805, 1826]}, {"key": "a-borrowing", "type": "definition", "offset": [1894, 1905]}, {"key": "loans-to", "type": "clause", "offset": [1919, 1927]}, {"key": "the-principal-amount", "type": "definition", "offset": [2080, 2100]}, {"key": "the-conditions", "type": "clause", "offset": [2136, 2150]}, {"key": "loan-notice", "type": "definition", "offset": [2207, 2218]}, {"key": "and-provided-that", "type": "clause", "offset": [2220, 2237]}, {"key": "after-giving", "type": "clause", "offset": [2239, 2251]}, {"key": "total-revolving-outstandings", "type": "clause", "offset": [2282, 2310]}, {"key": "aggregate-revolving-commitments", "type": "clause", "offset": [2332, 2363]}, {"key": "notice-given", "type": "clause", "offset": [2369, 2381]}, {"key": "by-telephone", "type": "definition", "offset": [2477, 2489]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [2505, 2525]}, {"key": "lack-of", "type": "clause", "offset": [2545, 2552]}, {"key": "effect-of", "type": "clause", "offset": [2631, 2640]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2703, 2722]}, {"key": "available-to", "type": "definition", "offset": [2745, 2757]}, {"key": "the-account", "type": "clause", "offset": [2787, 2798]}, {"key": "payments-in", "type": "clause", "offset": [2890, 2901]}, {"key": "business-day", "type": "definition", "offset": [3006, 3018]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [3037, 3071]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [3095, 3120]}, {"key": "loan-to-borrower", "type": "clause", "offset": [3228, 3244]}, {"key": "the-funds", "type": "clause", "offset": [3298, 3307]}, {"key": "with-respect-to", "type": "clause", "offset": [3345, 3360]}, {"key": "for-any-other-reason", "type": "clause", "offset": [3520, 3540]}, {"key": "payable-on-demand", "type": "definition", "offset": [3726, 3743]}, {"key": "with-interest", "type": "definition", "offset": [3754, 3767]}, {"key": "default-rate", "type": "definition", "offset": [3800, 3812]}, {"key": "payment-to-the", "type": "clause", "offset": [3853, 3867]}, {"key": "deemed-payment", "type": "clause", "offset": [3964, 3978]}, {"key": "in-respect-of", "type": "definition", "offset": [3979, 3992]}, {"key": "satisfaction-of", "type": "clause", "offset": [4089, 4104]}, {"key": "lender-funds", "type": "definition", "offset": [4185, 4197]}, {"key": "to-reimburse", "type": "definition", "offset": [4265, 4277]}, {"key": "obligation-to", "type": "clause", "offset": [4495, 4508]}, {"key": "revolving-loans", "type": "definition", "offset": [4514, 4529]}, {"key": "letters-of-credit", "type": "definition", "offset": [4598, 4615]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [4667, 4693]}, {"key": "affected-by", "type": "definition", "offset": [4711, 4722]}, {"key": "lender-may", "type": "definition", "offset": [4827, 4837]}, {"key": "any-other-person", "type": "definition", "offset": [4879, 4895]}, {"key": "for-any-reason", "type": "clause", "offset": [4896, 4910]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [4945, 4969]}, {"key": "similar-to", "type": "definition", "offset": [5035, 5045]}, {"key": "by-borrower", "type": "clause", "offset": [5260, 5271]}, {"key": "obligation-of-borrower", "type": "clause", "offset": [5362, 5384]}, {"key": "make-available", "type": "definition", "offset": [5575, 5589]}, {"key": "amount-required", "type": "clause", "offset": [5656, 5671]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [5724, 5750]}, {"key": "period-from", "type": "definition", "offset": [5962, 5973]}, {"key": "immediately-available", "type": "definition", "offset": [6045, 6066]}, {"key": "per-annum", "type": "clause", "offset": [6095, 6104]}, {"key": "overnight-rate", "type": "clause", "offset": [6129, 6143]}, {"key": "from-time-to-time", "type": "clause", "offset": [6144, 6161]}, {"key": "in-effect", "type": "clause", "offset": [6162, 6171]}, {"key": "in-connection-with", "type": "clause", "offset": [6263, 6281]}, {"key": "interest-and-fees", "type": "clause", "offset": [6335, 6352]}, {"key": "the-relevant", "type": "clause", "offset": [6445, 6457]}, {"key": "certificate-of", "type": "definition", "offset": [6547, 6561]}, {"key": "amounts-owing", "type": "definition", "offset": [6666, 6679]}, {"key": "this-clause", "type": "clause", "offset": [6686, 6697]}, {"key": "manifest-error", "type": "definition", "offset": [6730, 6744]}], "hash": "d1eab1d95e60b70cf81556df3290c78c", "id": 6}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the relevant L/C Issuer shall notify promptly the Borrower and the Administrative Agent thereof. Not later than 10:00 a.m. on the Business Day immediately following the Business Day on which the Borrower shall have received notice of any Honor Date (or, if the Borrower shall have received such notice later than 10:00 a.m. on any Business Day, on the second succeeding Business Day) (each such date, a \u201cBorrower Honor Date\u201d), the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing on such Honor Date plus interest accruing at the Base Rate from the Honor Date to the date of reimbursement by the Borrower on the Borrower Honor Date. If the Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Appropriate Lender\u2019s Applicable Revolving Credit Percentage thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Borrower Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Commitments of the Appropriate Lenders, and subject to the conditions set forth in Section 4.02(b). Any notice given by an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if promptly confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Revolving Credit Lender (including any such Lender acting as an L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the relevant L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount in respect of a Letter of Credit not later than 12:00 noon on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the relevant L/C Issuer.\n(iii) With respect to any Unreimbursed Amount in respect of a Letter of Credit that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the relevant L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Credit Lender\u2019s payment to the Administrative Agent for the account of the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Revolving Credit Percentage of such amount shall be solely for the account of the relevant L/C Issuer.\n(v) Each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans or L/C Advances to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the relevant L/C Issuer, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender\u2019s obligation to make Revolving Credit Loans (but not L/C Advances) pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the relevant L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the relevant L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the applicable Overnight Rate then in effect, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the relevant L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent demonstrable error.", "size": 227, "samples": [{"hash": "ajYHoSM4KvX", "uri": "/contracts/ajYHoSM4KvX#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 36.4934959412, "published": true}, {"hash": "aJzm5wmTjFG", "uri": "/contracts/aJzm5wmTjFG#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 30.716632843, "published": true}, {"hash": "83jeiMLzXq2", "uri": "/contracts/83jeiMLzXq2#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Nexstar Media Group, Inc.)", "score": 29.5995883942, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": 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{"key": "date-of", "type": "clause", "offset": [758, 765]}, {"key": "reimbursement-by-the-borrower", "type": "clause", "offset": [766, 795]}, {"key": "agent-shall", "type": "definition", "offset": [911, 922]}, {"key": "promptly-notify", "type": "definition", "offset": [923, 938]}, {"key": "revolving-credit-lender", "type": "definition", "offset": [944, 967]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [1005, 1025]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [1032, 1051]}, {"key": "applicable-revolving-credit-percentage", "type": "definition", "offset": [1099, 1137]}, {"key": "revolving-credit-borrowing", "type": "definition", "offset": [1211, 1237]}, {"key": "loans-to", "type": "clause", "offset": [1251, 1259]}, {"key": "the-principal-amount", "type": "definition", "offset": [1421, 1441]}, {"key": "unutilized-portion", "type": "definition", "offset": [1495, 1513]}, {"key": "commitments-of-the", "type": "clause", "offset": [1538, 1556]}, {"key": "appropriate-lenders", "type": "definition", "offset": [1557, 1576]}, {"key": "the-conditions", "type": "clause", "offset": [1593, 1607]}, {"key": "notice-given", "type": "clause", "offset": [1642, 1654]}, {"key": "by-telephone", "type": "definition", "offset": [1749, 1761]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [1774, 1794]}, {"key": "provided-that", "type": "clause", "offset": [1796, 1809]}, {"key": "lack-of", "type": "clause", "offset": [1814, 1821]}, {"key": "effect-of", "type": "clause", "offset": [1900, 1909]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2031, 2050]}, {"key": "funds-available", "type": "definition", "offset": [2067, 2082]}, {"key": "cash-collateral", "type": "definition", "offset": [2123, 2138]}, {"key": "the-account", "type": "clause", "offset": [2170, 2181]}, {"key": "in-respect-of", "type": "definition", "offset": [2338, 2351]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [2352, 2370]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [2435, 2469]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [2493, 2518]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2633, 2653]}, {"key": "the-funds", "type": "clause", "offset": [2707, 2716]}, {"key": "with-respect-to", "type": "clause", "offset": [2763, 2778]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2988, 3008]}, {"key": "payable-on-demand", "type": "definition", "offset": [3207, 3224]}, {"key": "with-interest", "type": "definition", "offset": [3235, 3248]}, {"key": "default-rate", "type": "definition", "offset": [3281, 3293]}, {"key": "payment-to-the", "type": "clause", "offset": [3341, 3355]}, {"key": "deemed-payment", "type": "clause", "offset": [3461, 3475]}, {"key": "satisfaction-of", "type": "clause", "offset": [3586, 3601]}, {"key": "lender-funds", "type": "definition", "offset": [3689, 3701]}, {"key": "to-reimburse", "type": "definition", "offset": [3776, 3788]}, {"key": "obligation-to", "type": "clause", "offset": [4048, 4061]}, {"key": "make-revolving-credit-loans", "type": "clause", "offset": [4062, 4089]}, {"key": "letters-of-credit", "type": "definition", "offset": [4157, 4174]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [4226, 4252]}, {"key": "affected-by", "type": "definition", "offset": [4270, 4281]}, {"key": "lender-may", "type": "definition", "offset": [4386, 4396]}, {"key": "any-other-person", "type": "definition", "offset": [4451, 4467]}, {"key": "for-any-reason", "type": "clause", "offset": [4468, 4482]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [4517, 4541]}, {"key": "similar-to", "type": "definition", "offset": [4607, 4617]}, {"key": "loan-notice", "type": "definition", "offset": [4890, 4901]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4975, 5001]}, {"key": "available-to", "type": "definition", "offset": [5214, 5226]}, {"key": "amount-required", "type": "clause", "offset": [5299, 5314]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [5367, 5393]}, {"key": "without-limiting-the", "type": "clause", "offset": [5454, 5474]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [5475, 5509]}, {"key": "period-from", "type": "definition", "offset": [5669, 5680]}, {"key": "immediately-available", "type": "definition", "offset": [5752, 5773]}, {"key": "per-annum", "type": "clause", "offset": [5803, 5812]}, {"key": "the-applicable", "type": "clause", "offset": [5822, 5836]}, {"key": "overnight-rate", "type": "clause", "offset": [5837, 5851]}, {"key": "in-effect", "type": "clause", "offset": [5857, 5866]}, {"key": "in-connection-with", "type": "clause", "offset": [5959, 5977]}, {"key": "interest-and-fees", "type": "clause", "offset": [6031, 6048]}, {"key": "the-case", "type": "definition", "offset": [6214, 6222]}, {"key": "certificate-of", "type": "definition", "offset": [6233, 6247]}, {"key": "amounts-owing", "type": "definition", "offset": [6368, 6381]}, {"key": "this-clause", "type": "clause", "offset": [6388, 6399]}], "hash": "347c669c5bcd76edfd49ad01a88bf970", "id": 7}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Borrowers and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative Currency, the Borrowers shall reimburse the applicable L/C Issuer through the Administrative Agent in such Alternative Currency, unless (A) such L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Borrowers shall have notified such L/C Issuer promptly following receipt of the notice of drawing that the Borrowers will reimburse such L/C Issuer in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the applicable L/C Issuer shall notify the Borrowers of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 11:00 a.m. on the date of any payment by such L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by such L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an \u201cHonor Date\u201d), the Borrowers shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing and in the applicable currency. In the event that (I) a drawing denominated in an Alternative Currency is to be reimbursed in Dollars pursuant to the second sentence in this Section 2.03(c)(i) and (II) the Dollar amount paid by the Borrowers, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Alternative Currency equal to the drawing, the Borrowers agree, as a separate and independent obligation, to indemnify the applicable L/C Issuer for the loss resulting from its inability on that date to purchase the Alternative Currency in the full amount of the drawing. If the Borrowers fail to so reimburse such L/C Issuer by such time, the applicable L/C Issuer shall promptly notify the Administrative Agent who shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the \u201cUnreimbursed Amount\u201d), and the amount of such Revolving Lender\u2019s Applicable Revolving Percentage thereof. In such event, the Borrowers shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by such L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Revolving Lender (including each Revolving Lender that is an L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral for this purpose) for the account of the applicable L/C Issuer at the Administrative Agent\u2019s Office in Dollars in an amount equal to its Applicable Revolving Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrowers in such amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Revolving Lender\u2019s payment to the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Revolving Percentage of such amount shall be solely for the account of such L/C Issuer.\n(v) Each Revolving Lender\u2019s obligation to make Revolving Loans or L/C Advances to reimburse each L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, a Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that each Revolving Lender\u2019s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrowers of a Committed Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrowers to reimburse such L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Revolving Lender fails to make available to the Administrative Agent for the account of any L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of such L/C Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.", "size": 210, "samples": [{"hash": "hkwnhFO70OF", "uri": "/contracts/hkwnhFO70OF#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (MGM Resorts International)", "score": 32.9014358521, "published": true}, {"hash": "KGv83cMW0U", "uri": "/contracts/KGv83cMW0U#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (MGM Resorts International)", "score": 32.8384666443, "published": true}, {"hash": "hYT4Ohv9RAM", "uri": "/contracts/hYT4Ohv9RAM#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (MGM Resorts International)", "score": 32.1622161865, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-applicable", "type": "clause", "offset": [118, 132]}, {"key": "the-borrowers", "type": "clause", "offset": [157, 170]}, {"key": "in-the-case", "type": "clause", "offset": [209, 220]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [224, 242]}, {"key": "alternative-currency", "type": "definition", "offset": [261, 281]}, {"key": "promptly-following", "type": "clause", "offset": [654, 672]}, {"key": "receipt-of", "type": "clause", "offset": [673, 683]}, {"key": "notice-of-drawing", "type": "clause", "offset": [688, 705]}, {"key": "dollar-equivalent-of-the", "type": "definition", "offset": [955, 979]}, {"key": "the-determination", "type": "clause", "offset": [1021, 1038]}, {"key": "date-of", "type": "clause", "offset": [1081, 1088]}, {"key": "payment-by", "type": "clause", "offset": [1093, 1103]}, {"key": "applicable-time", "type": "definition", "offset": [1181, 1196]}, {"key": "honor-date", "type": "clause", "offset": [1333, 1343]}, {"key": "equal-to", "type": "definition", "offset": [1439, 1447]}, {"key": "applicable-currency", "type": "definition", "offset": [1486, 1505]}, {"key": "in-the-event", "type": "clause", "offset": [1507, 1519]}, {"key": "amount-paid", "type": "definition", "offset": [1688, 1699]}, {"key": "in-accordance-with", "type": "definition", "offset": [1816, 1834]}, {"key": "banking-procedures", "type": "clause", "offset": [1842, 1860]}, {"key": "separate-and-independent-obligation", "type": "clause", "offset": [1955, 1990]}, {"key": "to-indemnify", "type": "clause", "offset": [1992, 2004]}, {"key": "resulting-from", "type": "definition", "offset": [2044, 2058]}, {"key": "promptly-notify-the-administrative-agent", "type": "clause", "offset": [2258, 2298]}, {"key": "revolving-lender", "type": "definition", "offset": [2330, 2346]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [2384, 2404]}, {"key": "unreimbursed-amount", "type": "clause", "offset": [2554, 2573]}, {"key": "applicable-revolving-percentage", "type": "definition", "offset": [2619, 2650]}, {"key": "revolving-borrowing", "type": "clause", "offset": [2725, 2744]}, {"key": "loans-to", "type": "clause", "offset": [2758, 2766]}, {"key": "the-principal-amount", "type": "definition", "offset": [2919, 2939]}, {"key": "unutilized-portion", "type": "definition", "offset": [2993, 3011]}, {"key": "the-revolving-commitments", "type": "clause", "offset": [3015, 3040]}, {"key": "the-conditions", "type": "clause", "offset": [3045, 3059]}, {"key": "delivery-of-a", "type": "clause", "offset": [3102, 3115]}, {"key": "committed-loan-notice", "type": "clause", "offset": [3116, 3137]}, {"key": "notice-given", "type": "clause", "offset": [3144, 3156]}, {"key": "by-telephone", "type": "definition", "offset": [3253, 3265]}, {"key": "confirmed-in-writing", "type": "definition", "offset": [3281, 3301]}, {"key": "provided-that", "type": "clause", "offset": [3303, 3316]}, {"key": "lack-of", "type": "clause", "offset": [3321, 3328]}, {"key": "effect-of", "type": "clause", "offset": [3407, 3416]}, {"key": "pursuant-to-section", "type": "definition", "offset": [3535, 3554]}, {"key": "funds-available", "type": "definition", "offset": [3571, 3586]}, {"key": "cash-collateral", "type": "definition", "offset": [3627, 3642]}, {"key": "the-account", "type": "clause", "offset": [3665, 3676]}, {"key": "business-day", "type": "definition", "offset": [3871, 3883]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [3902, 3936]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [3960, 3985]}, {"key": "agent-shall", "type": "definition", "offset": [4150, 4161]}, {"key": "the-funds", "type": "clause", "offset": [4168, 4177]}, {"key": "with-respect-to", "type": "clause", "offset": [4226, 4241]}, {"key": "for-any-other-reason", "type": "clause", "offset": [4411, 4431]}, {"key": "payable-on-demand", "type": "definition", "offset": [4633, 4650]}, {"key": "with-interest", "type": "definition", "offset": [4661, 4674]}, {"key": "default-rate", "type": "definition", "offset": [4707, 4719]}, {"key": "payment-to-the", "type": "clause", "offset": [4760, 4774]}, {"key": "deemed-payment", "type": "clause", "offset": [4872, 4886]}, {"key": "in-respect-of", "type": "definition", "offset": [4887, 4900]}, {"key": "satisfaction-of", "type": "clause", "offset": [4997, 5012]}, {"key": "lender-funds", "type": "definition", "offset": [5093, 5105]}, {"key": "to-reimburse", "type": "definition", "offset": [5173, 5185]}, {"key": "obligation-to", "type": "clause", "offset": [5425, 5438]}, {"key": "revolving-loans", "type": "definition", "offset": [5444, 5459]}, {"key": "letters-of-credit", "type": "definition", "offset": [5529, 5546]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [5598, 5624]}, {"key": "affected-by", "type": "definition", "offset": [5642, 5653]}, {"key": "lender-may", "type": "definition", "offset": [5758, 5768]}, {"key": "any-other-person", "type": "definition", "offset": [5813, 5829]}, {"key": "for-any-reason", "type": "clause", "offset": [5830, 5844]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [5879, 5903]}, {"key": "similar-to", "type": "definition", "offset": [5969, 5979]}, {"key": "obligation-of-the", "type": "clause", "offset": [6301, 6318]}, {"key": "available-to", "type": "definition", "offset": [6526, 6538]}, {"key": "amount-required", "type": "clause", "offset": [6602, 6617]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [6670, 6696]}, {"key": "without-limiting-the", "type": "clause", "offset": [6757, 6777]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [6778, 6812]}, {"key": "period-from", "type": "definition", "offset": [6972, 6983]}, {"key": "immediately-available", "type": "definition", "offset": [7055, 7076]}, {"key": "per-annum", "type": "clause", "offset": [7106, 7115]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [7140, 7162]}, {"key": "industry-rules", "type": "definition", "offset": [7231, 7245]}, {"key": "in-connection-with", "type": "clause", "offset": [7364, 7382]}, {"key": "interest-and-fees", "type": "clause", "offset": [7436, 7453]}, {"key": "the-relevant", "type": "clause", "offset": [7536, 7548]}, {"key": "certificate-of", "type": "definition", "offset": [7638, 7652]}, {"key": "amounts-owing", "type": "definition", "offset": [7758, 7771]}, {"key": "manifest-error", "type": "definition", "offset": [7830, 7844]}], "hash": "993c23935c19bedf5a53f735c56da259", "id": 8}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing under such Letter of Credit, a L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by a L/C Issuer under a Letter of Credit (each such date, an \u201cHonor Date\u201d), the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender with a Revolving Commitment of the Honor Date, the amount of the unreimbursed drawing (the \u201cUnreimbursed Amount\u201d), and the amount of such Lender\u2019s Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the conditions set forth in Section 5.02 (other than the delivery of a Loan Notice) and provided that, after giving effect to such Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments. Any notice given by a L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Lender with a Revolving Commitment shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) to the Administrative Agent for the account of a L/C Issuer at the Administrative Agent\u2019s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions set forth in Section 5.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender\u2019s payment to the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.\n(iv) Until each Lender with a Revolving Commitment funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse a L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Applicable Percentage of such amount shall be solely for the account of such L/C Issuer.\n(v) Each Lender with a Revolving Commitment\u2019s obligation to make Revolving Loans or L/C Advances to reimburse a L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender\u2019s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 5.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse a L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Lender with a Revolving Commitment fails to make available to the Administrative Agent for the account of a L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation. A certificate of a L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.", "size": 195, "samples": [{"hash": "bPz7rplRrXJ", "uri": "/contracts/bPz7rplRrXJ#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 36.1019859314, "published": true}, {"hash": "2toUbjFCVYq", "uri": "/contracts/2toUbjFCVYq#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 33.3805618286, "published": true}, {"hash": "7e2owsxKAsC", "uri": "/contracts/7e2owsxKAsC#drawings-and-reimbursements-funding-of-participations", "label": "Credit Agreement (Phillips Edison & Company, Inc.)", "score": 32.7399024963, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "notice-of-drawing", "type": "clause", "offset": [69, 86]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [142, 162]}, {"key": "date-of", "type": "clause", "offset": [226, 233]}, {"key": "payment-by", "type": "clause", "offset": [238, 248]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [268, 286]}, {"key": "honor-date", "type": "clause", "offset": [308, 318]}, {"key": "the-borrower-shall", "type": "clause", "offset": [322, 340]}, {"key": "equal-to", "type": "definition", "offset": [413, 421]}, {"key": "agent-shall", "type": "definition", "offset": [537, 548]}, {"key": "promptly-notify", "type": "definition", "offset": [549, 564]}, {"key": "each-lender", "type": "clause", "offset": [565, 576]}, {"key": "commitment-of-the", "type": "clause", "offset": [594, 611]}, {"key": "unreimbursed-drawing", "type": "definition", "offset": [642, 662]}, {"key": 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[1426, 1446]}, {"key": "lack-of", "type": "clause", "offset": [1466, 1473]}, {"key": "effect-of", "type": "clause", "offset": [1552, 1561]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1642, 1661]}, {"key": "funds-available", "type": "definition", "offset": [1678, 1693]}, {"key": "cash-collateral", "type": "definition", "offset": [1734, 1749]}, {"key": "the-account", "type": "clause", "offset": [1809, 1820]}, {"key": "business-day", "type": "definition", "offset": [1981, 1993]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [2012, 2046]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [2070, 2095]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [2193, 2213]}, {"key": "the-funds", "type": "clause", "offset": [2267, 2276]}, {"key": "the-applicable", "type": "clause", "offset": [2292, 2306]}, {"key": "with-respect-to", "type": "clause", "offset": [2325, 2340]}, {"key": "for-any-other-reason", "type": "clause", "offset": [2500, 2520]}, {"key": "payable-on-demand", "type": "definition", "offset": [2721, 2738]}, {"key": "with-interest", "type": "definition", "offset": [2749, 2762]}, {"key": "default-rate", "type": "definition", "offset": [2795, 2807]}, {"key": "payment-to-the", "type": "clause", "offset": [2838, 2852]}, {"key": "deemed-payment", "type": "clause", "offset": [2950, 2964]}, {"key": "in-respect-of", "type": "definition", "offset": [2965, 2978]}, {"key": "satisfaction-of", "type": "clause", "offset": [3075, 3090]}, {"key": "to-reimburse", "type": "definition", "offset": [3269, 3281]}, {"key": "obligation-to", "type": "clause", "offset": [3516, 3529]}, {"key": "revolving-loans", "type": "definition", "offset": [3535, 3550]}, {"key": "letters-of-credit", "type": "definition", "offset": [3617, 3634]}, {"key": "absolute-and-unconditional", "type": "clause", "offset": [3686, 3712]}, {"key": "affected-by", "type": "definition", "offset": [3730, 3741]}, {"key": "lender-may", "type": "definition", "offset": [3846, 3856]}, {"key": "any-other-person", "type": "definition", "offset": [3903, 3919]}, {"key": "for-any-reason", "type": "clause", "offset": [3920, 3934]}, {"key": "continuance-of-a-default", "type": "clause", "offset": [3969, 3993]}, {"key": "similar-to", "type": "definition", "offset": [4059, 4069]}, {"key": "by-the-borrower", "type": "clause", "offset": [4274, 4289]}, {"key": "obligation-of-the-borrower", "type": "clause", "offset": [4380, 4406]}, {"key": "available-to", "type": "definition", "offset": [4619, 4631]}, {"key": "amount-required", "type": "clause", "offset": [4693, 4708]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4761, 4787]}, {"key": "without-limiting-the", "type": "clause", "offset": [4848, 4868]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [4869, 4903]}, {"key": "period-from", "type": "definition", "offset": [5063, 5074]}, {"key": "immediately-available", "type": "definition", "offset": [5146, 5167]}, {"key": "per-annum", "type": "clause", "offset": [5197, 5206]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [5231, 5253]}, {"key": "in-accordance-with", "type": "definition", "offset": [5295, 5313]}, {"key": "industry-rules", "type": "definition", "offset": [5322, 5336]}, {"key": "certificate-of", "type": "definition", "offset": [5366, 5380]}, {"key": "amounts-owing", "type": "definition", "offset": [5473, 5486]}, {"key": "this-clause", "type": "clause", "offset": [5493, 5504]}, {"key": "manifest-error", "type": "definition", "offset": [5537, 5551]}], "hash": "327dfcde033e87e868322fa0fcef6de6", "id": 9}, {"snippet": "(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify Anixter and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Available Currency other than US Dollars, Anixter shall reimburse the L/C Issuer in such Available Currency, unless (A) the L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in US Dollars, or (B) in the absence of any such requirement for reimbursement in US Dollars, Anixter shall have notified the L/C Issuer promptly following receipt of the notice of drawing that Anixter will reimburse the L/C Issuer in US Dollars. In the case of any such reimbursement in US Dollars of a drawing under a Letter of Credit denominated in another Available Currency, the L/C Issuer shall notify Anixter of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in US Dollars, or the Applicable Time on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in any other Available Currency (each such date, an \u201cHonor Date\u201d), Anixter shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing and in such Available Currency. If Anixter fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in US Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Available Currency other than US Dollars) (the \u201cUnreimbursed Amount\u201d), and the amount of such Lender\u2019s Pro Rata Share thereof. In such event, Anixter shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Borrowing Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.06(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.\n(ii) Each Lender shall upon any notice pursuant to Section 2.06(c)(i) make funds available to the Administrative Agent for the account of the L/C Issuer, in US Dollars, at the Administrative Agent\u2019s Office for Dollar-denominated payments in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.06(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to Anixter in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer in US Dollars, or if requested by the L/C Issuer, the Foreign Currency Equivalent (determined as of such funding date) thereof in another Available Currency as determined by the Administrative Agent.\n(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, Anixter shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender\u2019s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.06(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.06.\n(iv) Until each Lender funds its Committed Loan or L/C Advance pursuant to this Section 2.06(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender\u2019s Pro Rata Share of such amount shall be solely for the account of the L/C Issuer.\n(v) Each Lender\u2019s obligation to make Committed Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.06(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, Anixter, any Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender\u2019s obligation to make Committed Loans pursuant to this Section 2.06(c) is subject to the conditions set forth in Section 4.02 (other than delivery by Anixter of a Borrowing Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of Anixter to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.\n(vi) If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.06(c) by the time specified in Section 2.06(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender\u2019s Committed Loan included in the relevant Committed Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.", "size": 184, "samples": [{"hash": "6ZFHZe9mNRS", "uri": "/contracts/6ZFHZe9mNRS#drawings-and-reimbursements-funding-of-participations", "label": "Incremental Facility Agreement (Anixter International Inc)", "score": 25.6543464661, "published": true}, {"hash": "jkBOZQ8NsUD", "uri": "/contracts/jkBOZQ8NsUD#drawings-and-reimbursements-funding-of-participations", "label": "Five Year Revolving Credit Agreement (Anixter International Inc)", "score": 22.2813148499, "published": true}], "snippet_links": [{"key": "upon-receipt", "type": "clause", "offset": [4, 16]}, {"key": "the-beneficiary", "type": "definition", "offset": [22, 37]}, {"key": "any-letter-of-credit", "type": "clause", "offset": [41, 61]}, {"key": "a-drawing", "type": "definition", "offset": [79, 88]}, {"key": "the-l", "type": "clause", 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[["drawings-and-reimbursements", "Drawings and Reimbursements", "Drawings and Reimbursements"], ["nature-of-participation-and-reimbursement-obligations", "Nature of Participation and Reimbursement Obligations", "Nature of Participation and Reimbursement Obligations"], ["reimbursement-participations", "Reimbursement; Participations", "Reimbursement; Participations"], ["issuance-of-and-drawings-and-reimbursement-under-letters-of-credit", "Issuance of and Drawings and Reimbursement Under Letters of Credit", "Issuance of and Drawings and Reimbursement Under Letters of Credit"], ["repayment-of-participations", "Repayment of Participations", "Repayment of Participations"]], "related_snippets": [], "updated": "2026-08-13T05:46:16+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The \"Drawings and Reimbursements; Funding of Participations\" clause governs how funds are disbursed to borrowers and how lenders are reimbursed or participate in funding under a loan agreement. It typically outlines the procedures for borrowers to request advances (drawings), the process for lenders to provide funds, and how reimbursements are handled if a lender covers another's share. This clause ensures that all parties understand the mechanics of fund transfers and participation, thereby promoting smooth operation of the loan facility and preventing disputes over funding obligations."}, "json": true, "cursor": ""}}